Fortuna Silver Mines announces Q4 and full year 2018 production figures from its two underground operating mines, the San Jose Mine in Mexico and the Caylloma Mine in Peru. For the full year 2018, the company produced 8.9M ounces of silver and 54.2K ounces of gold or 12.8M Ag Eq ounces.Silver and gold production were 7 % and 12 % respectively above 2018 guidance;Silver production of 8,890,943 ounces; 5 % increase over 2017; Gold production of 54,210 ounces; 4 % decrease over 2017. San Jose plans to process 1,059,000 tonnes of ore averaging 247 g/t Ag and 1.66 g/t Au. Capital investment is estimated at $12.7 million; including $8.3 million for sustaining capital expenditures and $4.3 million for Brownfields exploration programs.

Stocks futures were suggesting sharp opening losses but closed the pre-market trading session well off their lows. The futures action led to modest losses at the open, though the major averages eventually crossed into positive ground. Stocks gained upside momentum and appeared on their way to recouping some of yesterday's pullback, but sellers emerged in the second hour of trading and another rout was on. Stocks are suffering through their worst week since March and at least 66% of the S&P is now in correction territory or worse. ECONOMIC EVENTS: In the U.S., the Consumer Prices Index rose 0.1% month-over-month in September, with the core rate up 0.1% too. Both the headline CPI and core readings were forecast to be up 0.2%. Initial jobless claims rebounded 7,000 to 214,000 in the week ended October 6. In central bank news, President Trump accused the Fed of "getting a little too cute" by tightening policy, being "too aggressive and making a big mistake." In an interview with Fox News on Wednesday night, Trump added that the Fed "is going loco and there is no reason for them to do it." COMPANY NEWS: Shares of Delta (DAL) gained 3.5% after the air line operator reported better than expected earnings for the third quarter and guided to revenue growth of about 8% in the fourth quarter... Walgreens Boots Alliance (WBA) shares fell 2% after the retail pharmacy company reported mixed quarterly results, posting better than expected earnings but lower than expected revenue. Walgreens also guided toward adjusted earnings growth of 7%-12% at constant currency rates in fiscal 2019... Shares of Square (SQ) dropped 11% after the payments company said CFO Sarah Friar will step down to become the chief executive officer of Nextdoor, a social network for neighborhoods founded in 2010... Facebook (FB) was in focus after it said that it is removing 559 Pages and 251 accounts that have "consistently" broken its rules against spam and coordinated inauthentic behavior... Meanwhile, Reuters reported that the Competition Commission of India conducted search and seizure operations at the offices of India's United Breweries, Denmark's Carlsberg (CABGY) and the world's largest brewer, Anheuser-Busch InBev (BUD), as part of an investigation of price-fixing allegations. MAJOR MOVERS: Among the noteworthy gainers was Green Plains (GPRE), which rose 17.5% after it agreed to sell three ethanol plants to Valero (VLO) for $328M. Also higher was L Brands (LB), which gained 6% after it reported September sales numbers and said it is pursuing all alternatives for its La Senza business. Among the notable losers was Fluor (FLR), which fell 17% after it reported preliminary third quarter revenue that was lower than expected. Also lower was Fortuna Silver Mines (FSM), which dropped 2.5% after it reported an overflow in its contingency pond at the San Jose mine located in Oaxaca, Mexico. INDEXES: The Dow declined 545.91, or 2.13%, to 25,052.83, the Nasdaq lost 92.99, or 1.25%, to 7,329.06, and the S&P 500 dropped 57.31, or 2.06%, to 2,728.37.